Diageo sells Guinness Ghana stake to Castel Group
Diageo, the spirits giant, has agreed to sell its 80.4% stake in Guinness Ghana to Castel Group for $81 million.
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finance
Zambia’s SEC penalizes Standard Chartered for bond mis-selling
Zambia’s Securities and Exchange Commission has sanctioned Standard Chartered for mis-selling Chinese property bonds to a local client, according to a source.
Zambia’s SEC penalizes Standard Chartered for bond mis-selling Read More »
Ethiopia opens stock exchange to boost private investment
Ethiopia has launched a new securities exchange, a significant step in Prime Minister Abiy Ahmed’s efforts to liberalize the country’s economy.
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Burhan’s currency exchange in Sudan excludes millions, critics say
Sudan’s introduction of new banknotes has bolstered the economy and supported the Burhan’s army war efforts, but it has excluded millions from the financial system, drawing criticism.
Burhan’s currency exchange in Sudan excludes millions, critics say Read More »
Egypt’s inflation rate declines to two-year low
The state statistics agency attributed the decline to a decrease in some food and beverage prices.
Egypt’s inflation rate declines to two-year low Read More »
Chinese funding boosts Nigerian railway construction
China Development Bank has released a $254.76 million loan to Nigeria for the construction of a railway line connecting Kano and Kaduna, a crucial project under China’s Belt and Road Initiative.
Chinese funding boosts Nigerian railway construction Read More »
Nigeria to launch credit guarantee company in May
Nigerian President Bola Tinubu has announced plans to establish a National Credit Guarantee Company in May 2025 to enhance credit access for businesses and individuals.
Nigeria to launch credit guarantee company in May Read More »
West Africa-focused oil producers as Kosmos Energy walks away
The decision comes after the companies entered into early talks for a potential deal that would have created a major player in the West African oil and gas sector.
West Africa-focused oil producers as Kosmos Energy walks away Read More »
Zambia nears end of debt restructuring
The deal follows a bilateral agreement with France, the first country to sign under the G20 common framework.
Zambia nears end of debt restructuring Read More »
Cameroon warns of financial crisis in Central Africa
Cameroon’s President Paul Biya has warned of a potential financial crisis in Central Africa, urging immediate action to address declining net external reserves and other economic challenges.
Cameroon warns of financial crisis in Central Africa Read More »